A transportation services company defended against claims of fraud, rescission and violation of the Delaware Securities Act arising out of its $203 million sale from its majority owner company to a private equity firm in a reverse triangular merger. The Delaware Supreme Court upheld the Chancery Court's decision to toss fraud counterclaims based on a lack of a "physical nexus" to Delaware. Our firm represented the transportation services company in this case.
Lead Contacts
![Photo of Megan M. Farooqui](/-/media/images/professionals/f/meganfarooqui.jpg?mw=300&rev=6e5febc90dc64e98b237793f47b089e5&hash=2C566B23BA29BF3214C85F745D94549B)
Megan M. Farooqui
Senior Business Litigation Attorney
![Photo of Katrina Gossett Kelly](/-/media/images/professionals/k/katrinakelly.jpg?mw=300&rev=e0fffd1e3f9b413096d335d4fb9963f2&hash=4C1A95DFE9D273DF072F0DAFD82E892F)
Katrina Gossett Kelly
Senior Business Litigation Attorney
![Photo of Elizabeth (Liz) S. Whitelegg](/-/media/images/professionals/w/lizwhitelegg.jpg?mw=300&rev=53900a39aa774d82bba6ec49ced8305a&hash=5B46E5997481E689DC7689224171A5DA)
Elizabeth S. Whitelegg